Thailand's Ananda Development starts IPO roadshow

The Thai property developer, which has attracted a number of anchor orders, is seeking to raise up to $213 million through the offering.

Thailand's Ananda Development starts IPO roadshow
Bangkok: Ananda's home market since its foundation in 1999

Ananda Development kicked off the international roadshow for its initial public offering yesterday, aiming to raise between Bt5.6 billion and Bt6.5 billion $182.4 million to $212.8 million. The listing is scheduled for early December.

The deal drew a very positive response from investors and secured a number of anchor orders from international investors, a source said. After the domestic roadshow ran last week, the international roadshow is expected to continue until November 21.

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